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Benchmark Electronics BHE CN — Effective Income Tax Tax Incentives

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YUMCCN — Effective Income Tax Rate Continuing Operations
6.3%0.0pp
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TTMICN — Effective Income Tax Rate Reconciliation Tax Settlements Other
-0.1%
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HLIOCN — Effective Income Tax Rate Reconciliation Tax Settlements Other
0.2%
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TTMICN — Effective Income Tax Rate Reconciliation Tax Settlements Foreign
0.4%
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HXLGB — Effective Income Tax Rate Reconciliation Tax Incentives Amount
$625K-3.8%
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HXLGB — Effective Income Tax Rate Reconciliation Tax Incentives Percent
-0.5%+0.1pp

Other financials

Income statement

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Revenue$756.0M+17.7%
Gross profit$78.4M+21.0%
Operating income$30.3M+47.7%
Net income$19.9M+1,945%
EPS (diluted)$0.55+1,733%

Balance sheet

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Cash & equivalents$314.8M+19.0%
Total debt$291.7M-11.1%
Total equity$1.1B+0.9%
Total assets$2.2B+9.0%

Cash flow

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Operating cash flow$34.7M
CapEx$12.8M+16.1%
Free cash flow$21.9M

Valuation

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Market cap$2.96B+114%
Enterprise value$2.94B+103%
P/E55.7×+19.8×
P/S1.1×+0.5×

Profitability

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Gross margin10.3%+0.1pp
Operating margin3.4%0.0pp
Net margin1.9%+0.4pp
FCF margin4.5%

Returns & leverage

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Return on equity4.8%+1.3pp
Debt / equity0.3×0.0×
Current ratio-0.4×

Where this comes from

Reported directly by Benchmark Electronics in its filing.

Tagged under the XBRL concept bhe:EffectiveIncomeTaxTaxIncentives.

The source filing: Benchmark Electronics’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-324169

The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in Thailand and China. These incentives expire at various dates, unless extended, renewed, or otherwise modified, and are subject to certain conditions with which the Company expects to remain in compliance. Tax incentives in Thailand expire at various dates through December 31, 2031. In the fourth quarter of 2024, the Company was granted a tax incentive in China that applies retroactively from January 1, 2024 through December 31, 2026 and reduces the statutory tax rate from 25% to 15%. The net impact of these tax incentives reduced foreign income tax expense by approximately $2.8 million (approximately $0.08 per diluted share) and $3.0 million (approximately $0.08 per diluted share) for the six months ended June 30, 2026 and 2025, respectively.

Item 1. Financial Statements.

FAQ

What is Benchmark Electronics's CN — effective income tax tax incentives?
Benchmark Electronics (BHE) reported CN — effective income tax tax incentives of $426K in Q2 2026.
How has Benchmark Electronics's CN — effective income tax tax incentives changed year-over-year?
Benchmark Electronics's CN — effective income tax tax incentives increased by 6.2% year-over-year, from $401K to $426K.
What does CN — effective income tax tax incentives mean?
Represents the total financial benefit derived from specific income tax incentives or exemptions applicable to the company's operations within the CN geographic segment. This metric reflects the reduction in the effective tax rate achieved through regional fiscal policies or government-granted tax relief programs. It is a key indicator of the tax efficiency of the company's regional footprint.

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